“Synchronoss has transformed its strategy with the Intralinks
acquisition and divestiture of its traditional activation business as
the company now looks to expand the scale and scope of its enterprise
and cloud initiatives to drive the new SNCR 3.0 vision.” said Ronald
Hovsepian, Chief Executive Officer of Synchronoss. “The Synchronoss team
is laying the foundation for the next chapter of growth.”

“It has been an exciting time at Synchronoss over the past few months as
we view the acquisition of Intralinks to be a major step forward in our
enterprise strategy with Ron leading the team to successfully integrate
both companies into a single portfolio,” said Founder and Executive
Chairman Stephen Waldis. “I look forward to working with Ron during this
pivotal time for Synchronoss’ employees, customers, and partners around
the globe.”

Financial Highlights for the Fourth Quarter of 2016:

Total revenues from continuing operations: $121.7 million GAAP
compared to $121.2 million in the fourth quarter of 2015. $123.9
million non-GAAP compared to $121.8 million in the fourth quarter of
2015. Total combined revenue from continuing and discontinued
operations was $145.6 million. Non-GAAP combined total revenue from
continuing and discontinued operations was $147.8 million.

Gross profit from continuing operations: $71.5 million GAAP
compared to $75.7 million in the fourth quarter of 2015. $78.1 million
non-GAAP compared to $83.4 million in the fourth quarter of 2015.

Operating (loss) income from continuing operations: ($30.4)
million GAAP compared to $1.5 million in the fourth quarter of 2015.
$13.1 million non-GAAP compared to $29.9 million in the fourth quarter
of 2015.

Net (loss) income from continuing operations attributable to
Synchronoss: ($22.6) million GAAP compared to ($3.2) million in
the fourth quarter of 2015. $11.0 million non-GAAP compared to $20.0
million in the fourth quarter of 2015.

(Loss) earnings per diluted share from continuing operations:
($0.51) GAAP compared to ($0.07) in the fourth quarter of 2015. $0.24
non-GAAP compared to $0.43 in the fourth quarter of 2015.

Operating cash flow: $86 million GAAP and non-GAAP compared to
$63.2 million GAAP and non-GAAP in the fourth quarter of 2015.

Financial Highlights for the Full Year 2016:

Total revenues from continuing operations: $476.7 million GAAP
compared to $428.1 million in 2015. $490.2 million non-GAAP compared
to $429.4 million in 2015.

Gross profit from continuing operations: $282.5 million GAAP
compared to $272.8 million in 2015. $319.2 million non-GAAP compared
to $288.0 million in 2015.

Operating (loss) income from continuing operations: ($71.9)
million GAAP compared to $15.1 million in 2015. $82 million non-GAAP
compared to $96.2 million in 2015.

Net (loss) income from continuing operations attributable to
Synchronoss: ($55.7) million GAAP compared to $1.3 million in
2015. $59.8 million non-GAAP compared to $63.6 million in 2015.

Operating cash flow: $142.5 million GAAP compared to $139.8
million in 2015. $142.5 million non-GAAP compared to $143.4 million in
2015.

A reconciliation of GAAP to non-GAAP results has been provided in the
financial statement tables included in this press release. An
explanation of these measures is also included below under the heading
"Non-GAAP Financial Measures."

Fourth Quarter and Recent Business Highlights:

GAAP Cloud Services revenue from continuing operations accounted for
$121.7 million in the fourth quarter. Non-GAAP Cloud Services revenue
from continuing operations accounted for $123.9 million in the fourth
quarter. This was led by cloud deployments at new and existing
customers.

Completed the acquisition of Intralinks together with the closing of
the $1.1 Billion credit facility.

Completed the divestiture of our carrier activation business to
Sequential Technology International as well as the sale of our
SpeechCycle and Mirapoint Software activation businesses.

Strong progress at international customers in EMEA and APAC as they
move towards scaling our Messaging and Personal Cloud Platforms.

First Quarter Investor Conference Participation Schedule:

Raymond James Investor Conference March 7, 2017-Orlando, FL

Conference Call Details

In conjunction with this announcement, Synchronoss will host a
conference call on Wednesday, February 8, 2017, at 5:00 p.m. (ET) to
discuss the company’s financial results. To access this call, dial
877-930-7767 (domestic) or 253-336-7416 (international). The pass code
for the call is 52260549. Additionally, a live web cast of the
conference call will be available on the “Investor Relations” page on
the company’s web site www.synchronoss.com.

Following the conference call, a replay will be available for a limited
time at 855-859-2056 (domestic) or 404-537-3406 (international). The
replay pass code is 52260549. An archived webcast of this conference
call will also be available on the “Investor Relations” page of the
company’s web site, www.synchronoss.com.

Non-GAAP Financial Measures

Synchronoss has provided in this release selected financial information
that has not been prepared in accordance with GAAP. This information
includes historical non-GAAP revenues, gross profit, operating income
(loss), net income (loss), effective tax rate, earnings (loss) per share
and cash flows from operating activities. Synchronoss uses these
non-GAAP financial measures internally in analyzing its financial
results and believes they are useful to investors, as a supplement to
GAAP measures, in evaluating Synchronoss’ ongoing operational
performance. Synchronoss believes that the use of these non-GAAP
financial measures provides an additional tool for investors to use in
evaluating ongoing operating results and trends, and in comparing its
financial results with other companies in Synchronoss’ industry, many of
which present similar non-GAAP financial measures to investors. As
noted, the non-GAAP financial results discussed above add back the
deferred revenue write-down associated with acquisitions, fair value
stock-based compensation expense, acquisition-related costs which
includes integration costs, changes in the contingent consideration
obligation, deferred compensation expense related to earn outs and
amortization of intangibles associated with acquisitions.

Non-GAAP financial measures should not be considered in isolation from,
or as a substitute for, financial information prepared in accordance
with GAAP. Investors are encouraged to review the reconciliation of
these non-GAAP measures to their most directly comparable GAAP financial
measures as detailed above. As previously mentioned, a reconciliation of
GAAP to non-GAAP results has been provided in the financial statement
tables included in this press release.

About Synchronoss Technologies, Inc.

Synchronoss (NASDAQ: SNCR) is an innovative software company that helps
both service providers and enterprises realize and execute their goals
for mobile transformation. Our simple, powerful and flexible solutions
serve millions of mobile subscribers and a large portion of the Fortune
500 worldwide today. For more information, visit us at: www.synchronoss.com.

Forward-looking Statements

This document may include certain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to, plans,
objectives, expectations and intentions and other statements contained
in this press release that are not historical facts and statements
identified by words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates," “outlook” or words of similar
meanings. These statements are based on our current beliefs or
expectations and are inherently subject to various risks and
uncertainties, including those set forth under the caption "Risk
Factors" in Synchronoss’ Annual Report on Form 10-K for the year ended
December 31, 2015 and other documents filed with the U.S. Securities and
Exchange Commission. Actual results may differ materially from these
expectations due to changes in global political, economic, business,
competitive, market and regulatory factors. Synchronoss does not
undertake any obligation to update any forward-looking statements
contained in this document as a result of new information, future events
or otherwise.

Synchronoss and the Synchronoss logo are trademarks of Synchronoss
Technologies, Inc. All other trademarks are property of their respective
owners.

SYNCHRONOSS TECHNOLOGIES, INC.

BALANCE SHEETS

(in thousands, except per share data)

(Unaudited)

December 31, 2016

December 31, 2015

ASSETS

Current assets:

Cash and cash equivalents

$

181,018

$

147,634

Marketable securities

12,506

66,357

Accounts receivable, net of allowance for doubtful accounts of
$1,756 and $3,029 at December 31, 2016 and December 31, 2015,
respectively

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